Bone Glue Market Insights: Understanding Market Trends

The bone glue market comprises of surgical adhesives developed for orthopedic applications such as joining fractured bones or attach grafts during orthopedic procedures. Bone glue forms a strong bond between the tissue and bone to improve fixation while offering advantages over other fixation options like screws and plates in terms of stability, handling, and patient recovery time. The use of bone glue allows for minimally invasive techniques and enables procedures like kyphoplasty to fix spinal fractures. It finds wide usage for indications like spinal fusion, trauma fixations, and joint replacement reconstruction.

The global bone glue market is estimated to be valued at US$ 2,332.0 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the bone glue market are Cryolife, Luna Innovations Incorporated., St. Jude Medical, Inc. (Abbott Laboratories), Johnson and Johnson, Cohera Medical Inc, Tissuemed Ltd., Integra Lifesciences Corporation, Baxter International Inc., B.Braun Melsungen AG, DENTSPLY SIRONA Inc., Chemence Medical Inc., LaunchPad Medical, and C.R. Bard Inc.

The bone glue market is witnessing high growth owing to the significant rise in orthopedic surgeries globally. As per estimates, over 7 million musculoskeletal procedures are performed annually in the US indicating high demand for bone glue products. Moreover, rising prevalence of spinal disorders, trauma cases, and emergency orthopedic procedures further augments the demand.

Technological advancements in bone glues including development of advanced formulations, user-friendly delivery systems, and viscosity tuning has enabled efficacious delivery and fixation of fractures. New formulations help achieve faster polymerization at body temperature without use of external sources.

Market Trends

Increasing adoption of minimally invasive orthopedic procedures - The shift towards minimally invasive techniques is a major trend in orthopedic treatments. Bone glues enable secure fixation through small incisions, leading cuts down recovery time.

Rise of bio-adhesives - Recent research aims at developing advanced bone glues from natural polymers like fibrin and collagen to reduce toxicity and increase biocompatibility. They resemble the natural bone fixation process more closely.

Market Opportunities

Untapped potential in emerging economies - Orthopedic service adoption is rising in developing Asian countries and Latin America due to growing healthcare spending creating demand for bone glues.

Application expansion - R&D seeks new usage of bone glues beyond orthopedic fixation into wound closure and soft tissue repair presenting new avenues.

The COVID-19 pandemic had a significant impact on the bone glue market. During the initial lockdown phases in 2020, elective surgeries were postponed or cancelled which led to a decline in demand for bone glue products. Manufacturing and supply chain disruptions also affected market growth temporarily. However, as restrictions eased in 2021, the market started recovering. Even though pandemic fears still linger, healthcare systems have adapted to the new normal.

The bone glue market is regaining lost ground as elective surgeries resume. However, future growth depends on managing ongoing pandemic risks. Manufacturers need to strengthen supply chains to ensure consistent product availability. Hospitals require protocols to screen patients for COVID-19 while permitting timely non-emergency interventions. Telehealth can help surgeons consult and monitor patients remotely. If healthcare systems can balance service restoration with virus containment, the bone glue market is poised to surpass pre-COVID projections in the long run. International collaborations on pandemic response will also boost confidence in medical tourism and cross-border surgical cases.

In terms of value, North America accounts for the largest share of the global bone glue market. This is due to advanced healthcare infrastructure, rise of specialty clinics, favorable reimbursements and growing older population requiring orthopedic procedures. Asia Pacific is the fastest growing regional market for bone glue. Rising medical tourism, increasing healthcare expenditures, growing middle class access toinsurance and developing manufacturing base are fueling demand growth in China, India and other Asian countries.

The bone glue market in the United States holds the highest value concentration globally. This is attributed to presence of major manufacturers, high usage of bone glue products among orthopedic surgeons, growing public awareness about benefits of bone graft substitutes and rising elder population undergoing joint replacement surgeries. The growing medical capabilities and rising affordability is driving the bone glue market in China. China is projected to surpass the United States as the largest bone glue market in terms of value during the forecast period.